Where can I find a real estate note buyer who buyes third position notes

ok so I have a third postion note or third mortgage note that I need to sell fast and I cant find a buyer who will purchase it does anyone know how I can sell it and who I can sell it to like which buyer would I talk too. Please anyone help
michaeldownard
Asked Jun 30, 2010
Look for a financial institution that offers third mortgages to the public and see if they're interested. Their answer will likely depend on the amount of equity the debtor has in the property and their credit score.

Since mortgage rates are now at a historic low, you might be able to talk the debtor into refinancing all three notes and paying you off. Both of you would benefit because the rates on the second and third are surely considerably higher than the current rate.

It will all depend on the numbers.
Rob
Answered Jul 01, 2010

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